Investment Q&A

Q: What is your view on Wajax? As a smaller market cap with yield, is it a decent alternative to the bigger names like CAT, TIH or FTT? If not, which is your preferred name at these levels and why? Thanks and deduct the necessary credits...

Q: Good morning; I am curious as to what, if anything, is behind the drop in share price of PWR over the past 3 weeks? I cannot see any news on sites I have access to, and am wondering if politics or analysts are having an impact behind the scene? It suffered a more extreme price decline back in September '23. Thanks very much!

Q: your thoughts on BASF (BASFY) ? Dividend payer/ large european company. For a long term hold. thanks

Q: Hi 5i,

Here's what I received from Investorline. ADRs are not automatically converted, but you must call in for Option 1. Otherwise, I think they just cash them out later on.

MO InvestorLine has been informed of an ADR Termination on FLUTTER ENTMT PLC AMERICAN DEPOSITARY RECEIPTS UNSPONSORED.
Terms:
Due to the ratio of Flutter ADSs to Shares, ADSs MUST be surrendered for cancellation in lots of 2 ADSs for 1 Share.
Option 1: Convert to Ordinary Shares (a cancellation Fee of USD $0.05 per ADR and a cable fee of USD $17.50 would apply) (See Important Notes)
To receive One (1) Ordinary share of Flutter Entmt Plc for Two (2) ADR surrendered.
Option 99: Take No Action (Default)
See Important Notes

Important Notes:

Flutter Entertainment PLC has announced that it intends to delist its Shares from the Euronext Dublin exchange and list its Shares on The New York Stock Exchange, both to be effective January 29, 2024. The Depositary believes that the direct listing of the Shares on the NYSE will make the ADS facility for the Shares unnecessary. Accordingly, the Depositary has determined to terminate the ADS facility and to make certain amendments to the form of ADRs and Statement of Terms and Conditions under which the ADSs are issued to facilitate that termination. The last day to trade Flutter Shares in Euronext Dublin is expected to be January 23, 2024. ADS holders who wish to sell Flutter Shares in Euronext Dublin must surrender their Flutter ADSs as soon as possible to receive delivery of Shares in time to become holders in an account with their broker or financial intermediary.

Holders are hereby notified that the Depositary has amended the Terms and Conditions of the ADSs to (i) reduce the required notice period for termination of the agreement under which the ADSs are issued from 90 days to 30 days and (ii) require the Depositary to wait at least six months after the termination date before selling the Shares represented by the remaining ADSs. The Article of the Terms and Conditions dealing with termination, as amended, is Annex A.

Holders are further notified that the agreement providing for issuance of the ADSs, as set out in the Terms and Conditions, as amended, will terminate at 5:00 p.m. (Eastern time) on January 26, 2024.

Under the Terms and Conditions, as amended, holder will have until at least July 26, 2024 to surrender your Flutter Entertainment ADS for delivery of the underlying Shares. If you surrender ADSs for delivery of the underlying Shares, holders must pay a cable fee of USD $17.50, a cancellation fee of USD $.05 per ADS surrendered and any applicable U.S. or local taxes or governmental charges.

After July 29, 2024, the Depositary intends to attempt to sell the Shares underlying any remaining ADSs. If the Depositary has sold those Shares, holders must surrender their ADSs to obtain payment of the sale proceeds, net of the expenses of sale, any applicable U.S. or local taxes or governmental charges.


BMO InvestorLine requests that you direct inquiries pertaining to the offer (other than submission of instructions) to FLUTTER ENTMT PLC. Shareholders are advised to obtain independent advice and consult the offering circular regarding any possible tax consequences and for further details of the offer.

Please call BMO InvestorLine on 1-888-776-6886 and provide your instructions. Faxes and/or written instructions will not be accepted. Instructions must be received prior to July 18, 2024 9:00am Eastern Standard Time (EST). Any instructions received after this time will be sent on a best effort basis only. If no instructions are received, BMO InvestorLine will take no action.

BMO InvestorLine does not charge your account any commission for reorganizations or entitlements. Please allow 1-3 weeks after the expiry date for processing of Canadian issues and up to 90 days if US based. If you tender your shares to an offer, please ensure you do not place any sell orders on the position. This may result in a short position and financial losses that you may be responsible for. If you wish to place a sell order, please contact us first to ensure your original instructions can be cancelled.

For offers that include a cash payment, the payment will be deposited in the account in the same currency as the currency in which the position is held in the account, which may result in exposure to a foreign currency conversion. BMO Investorline will not be responsible for any losses incurred as a result of a foreign exchange conversion.

Regards,
BMO InvestorLine
The information in this letter is compiled from sources believed reliable. However, BMO InvestorLine does not ensure the accuracy, adequacy, timeliness, completeness, or fitness of the data and as such assumes no liability for any losses resulting in its use.

Q: Hello 5i
I cannot find Ross's question from Jan 24 on sector allocation. In fact, I believe that sector allocation questions and answers are filtered out of 5i data banks. Questions from users on this topic may appear in the morning and then magically removed by afternoon. Is this a systematic removal on your part?
Please share Ross's question and your answer with me. I am interested in these questions and would rather see them than not.
Tia!

Q: Hello, I am looking at investing a small part of my portfolio into Bitcoin. I don't want to hold real bitcoin, can you suggest a couple ETF's in Canada that I could purchase?

Q: A tax question. Say I am up 100% on TCN at $15 if I bought 50% more and sold the lot at $15. Would that 50% lower my tax rate?

Q: In answer to my question from Jan 16, you reported the yearly change in the indices, but not the total composite return including dividends. Would you be able to provide this information? Thanks for the great service.

Q: Hello. I am reaching out to express my interest in acquiring some corporate bond contracts for supplementary income. Specifically, I am considering the Genworth Mortgage Insurance corporate bond with an expiry in 2027 and a yield of 5.6%, graded A.

Could you please provide insights into the risk associated with this particular company? I find that Genworth Mortgage Insurance is the sole bond issuer within the high-yield bonds category with an A-grade quality.

I appreciate your expertise and assistance in guiding me through this decision.

Thank you

Q: Good Morning
I would like to invest some of the proceeds from a recent sale in my RIFF into a bond etf I would like a dividend in the 5% range that would also provide some room for growth.
could you provide 2 bond etf that would meet that criteria
Thks
Marcel

Q: If I add to an existing equity position with 1000 shares at $50, my existing ACB is $40, then sell those 1000 shares in 31 days at $52, is my reported capital gain on those 1000 shares $2 or $12. (and let's exclude the obvious change in the ACB with this purchase).

Thank you.

Q: Hi I have my RRSP distributed at around 8% or 12% on these stocks, would you change anything , I'm heading to retirement in 7 months from now and like to know if you would recommend any modification. I can sustain drops of 10% , which I handle by doing nothing.
Thank you 5i, you have been good to me!!!

Q: Greetings:
Some years ago I purchased some Uranium units and they did nothing but go down for 11 years. Now, in spite of energy stocks not being especially lively, and most mining stocks, including copper, having a rough go, Uranium is the star. In September, 2023 spot uranium was $61.00 a pound, now $106.00, and many pundits say the party is just getting started. What is your opinion? Is there still some runway or should a person sell and be happy.
Thanks, Ben.

Q: Ford and GM, are they a buy, hold or sell and why?

Q: Good Morning

Your thoughts on WELL’s transaction with Healwell please.

Thank you

Q: These companies were touted as potential beneficiaries of U.S. restrictions on use of Huawei 5G tech. But no sign of this in their share prices. Too early, or not happening?
Jack

Q: Please rank the magnificent seven from best anticipated performance first to least in the next 5-10 years.

Q: Good morning, as a follow up to my question on resource stocks, may you kindly rank in terms of preference which ones you would buy today? Thank you

Q: Hello 5i team,
I've held Propel for 2 years and it's had a really good run the last few weeks, should I trim or hold on tight?

Thank you,
Brent

Q: Re. Heather’ s question on Jan. 23 about North America’s electrical infrastructure and the need to up-grade the grid . Been thinking the same and there is a U.S. ETF - First Trust Nasdaq Clean Edge Smart Grid Infrastructure - ticker GRID - for consideration should she wish broader exposure through an ETF.